The Ghana Cocoa Board (COCOBOD) has announced that it will not pursue a syndicated loan to finance cocoa purchases for the 2025/26 crop season, attributing the decision to the ongoing global shortage of cocoa beans. Speaking in an interview on Citi FM on Monday, 4 August, COCOBOD’s Head of Public Affairs, Jerome Kwaku Sam, stated […]
Ghana Cocoa Board will raise $1.3 billion in syndicated loans for its operations in the 2019/2020 season, the Minister of Finance Mr Ken Ofori-Atta announced in Parliament on Monday. In addition to the annual syndicated loan of US$ 1.3 billion, COCOBOD has initiated processes with the African Development Bank (AfDB) to raise additional US$600 million, […]
The opposition National Democratic Congress (NDC) minority in Parliament is accusing government of misapplying the first tranche of the 1.3 billion dollars of the cocoa syndicated loan for the 2018/19 crop year. A statement issued by the minority and signed by Cassiel Ato Forson, ranking member of the Finance Committee in Parliament said the 650 […]
